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Burger King 1027 Union Ave 4,276 SF Retail Building Memphis, TN 38104 $2,869,582 ($671.09/SF) 6.50% Cap Rate
Investment Highlights
- Absolute NNN lease with ±9.83 years remaining and 10% rent increases every 5 years.
- Institutional grade operator—Carrols Corp, largest BK franchisee, now owned by RBI.
- Surrounded by 100,000 residents in a 3-mile radius and strong national co-tenancy.
- Highest trafficked Burger King in Memphis with over 36,000+ visits per month.
- Strategic Midtown Memphis location on Union Ave (±37,500 VPD), near I-240 and FedEx Forum.
- Fee simple ownership with tenant responsible for roof and structure.
Executive Summary
Broker of Record
Hutt Cooke
License # 263667, 356505 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Hutt Cooke
License # 263667, 356505 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,276 SF
Building Class
B
Year Built
1997
Price
$2,869,582
Price Per SF
$671.09
Cap Rate
6.50%
NOI
$186,523
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.86 AC
Opportunity Zone
Yes
Zoning
CH
Parking
30 Spaces (7.02 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Banking
- Bus Line
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-8028-0-0005C | Improvements Assessment | $456,480 |
| Land Assessment | $414,880 | Total Assessment | $871,360 |
Property Taxes
Parcel Number
01-8028-0-0005C
Land Assessment
$414,880
Improvements Assessment
$456,480
Total Assessment
$871,360
Contacts
-
Christopher Filips -
Kent Halle -
Cade Norland -
Matthews Real Estate Investment Services
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Videos
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Photos
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Map
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Burger King | 1027 Union Ave
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